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Nikkei Markets

Hong Kong stocks fall as virus fears fuel more global losses

Smartphone component suppliers AAC Technologies and Sunny Optical slide

HONG KONG (Nikkei Markets) -- Hong Kong stocks slid on Wednesday after global markets were slammed again by fears over the spreading new coronavirus, although losses narrowed after the city announced relief measures to ease the impact from the outbreak.

The Hang Seng Index fell 0.7% to 26,696.49, after sliding as low as 26,479.90 earlier in the day. Mobile phone component suppliers AAC Technologies Holdings and Sunny Optical Technology Group slid 2.8% and 3.7%, respectively. Among heavyweights, cellular services major China Mobile dropped 2.3% and Industrial & Commercial Bank of China gave up 0.9%, while U.K.-headquartered lender HSBC Holdings slid 0.8%.

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